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Bettingzone Market News:
1405: Boris Johnson was the subject of a big overnight gamble on
Betfair, being backed into his shortest-ever price at 1/3 on the exchange's London Mayor market, which is now edging towards the £500,000 level in traded volume.
But, perhaps like the punters involved in the late hours/early morning plunge, the market now has a more sober look to it.
While other bookmakers are still quoting Johnson as short as 2/7 to be the next London Mayor, the
Betfair market gives
Ken Livingstone a better chance of a successful late charge and currently sees Boris as the 1/2 favourite, with Ken the 2/1 underdog.
Betfair spokesman Tony Calvin commented: "Clearly, the
Betfair market rates Boris as the likelier winner at this stage. But it also gives Ken greater cause for optimism than most pundits do."
To be next Mayor of London –
Betfair bet: 1/2 Johnson, 2/1 Livingstone, 199/1 Paddick, 999/1 Any Other Candidate.